Boparan to lose out as butchers enter administration

2 Sisters owner Ranjit Boparan invested £5.1m in butchers Crawshaw Group in April 2017 but today the food retailer has announced plans to appoint administrators. Boparan Private Office was the largest shareholder, with a 29.7% stake, after last year's “transformational” supply chain partnership. However the Yorkshire-based butcher has failed to secure funds to support a turnaround plan. It had been considering a number of remedial actions, including raising additional funding through an equity capital raising in order t... For the full story register now for free or login below...
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